Tag "welab"

Hong Kong Monetary Authority (HKMA) has announced a grand total of eight virtual banking license recipients, in three separate announcements so far. Despite the rumoured 29 hopefuls vying for the license, it’s likely that HKMA will only be granting licenses

WeLab has been granted a virtual banking license by the Hong Kong Monetary Authority (“HKMA”), becoming the first homegrown Hong Kong fintech company to establish a virtual bank. This brings the total number of approved virtual banking players in Hong

Hong Kong is investing heavily to become Asia’s top fintech hub. Among the key policies put in place this year to help it achieve its ambitions is a HK$500 million fund to develop financial services over the next half-decade, including

Hong Kong is gearing up for the arrival of virtual banks, or financial institutions without physical branches. The Hong Kong Monetary Authority (HKMA) is set to issue the first batch of virtual bank licenses as early as this year. The

Investment in Hong Kong fintech firms more than doubled in 2017 compared to the previous year, jumping to US$545.7 million, according to an Accenture analysis of data from CB Insights. Since 2010, Hong Kong fintechs have raised a whooping US$940

China is undeniably the world’s fintech leader, hosting some of the largest and most popular ventures in the field. More than US$20 billion has been invested in Chinese fintech companies since 2014 with funding topping US$1 billion in Q1 2018

Despite being a global financial center with a thriving fintech sector, Hong Kong has lagged behind in the crowdfunding and peer-to-peer lending space. Experts and industry observers have argued that the lack of clear guidance and regulatory framework has hampered

WeLab, one of the fastest growing fintech companies in Greater China, announced last month that it has raised US$220 million of combined Series B+ equity and debt strategic financing and has won the backing of the Alibaba Hong Kong Entrepreneurs Fund,

DC Financial Insights today unveiled a list of 10 fast growing fintechs in Hong Kong as part of the broader FinTech 101 list for Asia/Pacific. “IDC’s FinTech Fast 101” refers to the fast-growing fintech players in Asia/Pacific based on extensive

WeLab, one of China’s largest mobile lending and credit analytics platforms, is leveraging further into traditional financial institutions’ war chests to grow its capability to issue loans. They have entered a partnership with several financial institutions in China, including Guangdong

Hong Kong is expected to see a boost in fintech activity after a relatively disappointing year in 2018 as the region saw a sharp dip in the total value of The post A Snapshot of Fintech in Hong Kong in 2019 appeared first on Fintech Hong Kong.